VEA vs VOOG: 0% overlap
Vanguard FTSE Developed Markets ETF and Vanguard S&P 500 Growth ETF share 0.2% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.
You would hold two tickers and get the diversification of 2.0. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
VEA and VOOG hold 8 of the same securities. The ten contributing most to the overlap figure:
| Holding | in VEA | in VOOG | Δ |
|---|---|---|---|
| CASH | 1.4% | 0.2% | 1.2% |
| TEL | 0.0% | 0.1% | 0.1% |
| NEM | 0.0% | 0.3% | 0.3% |
| TKO | 0.0% | 0.0% | 0.0% |
| SPG | 0.0% | 0.1% | 0.1% |
| FOX | 0.0% | 0.0% | 0.0% |
| CAT | 0.0% | 1.4% | 1.4% |
| STX | 0.0% | 0.4% | 0.4% |
Where VEA and VOOG differ
Sector weights as a share of each fund, ordered by the size of the gap rather than the size of the sector — two funds that overlap heavily still usually diverge somewhere.
| Sector | VEA | VOOG | Δ |
|---|---|---|---|
| Information Technology | 17.1% | 52.2% | −35.1pp |
| Communication Services | 2.5% | 15.2% | −12.7pp |
| Financials | 20.7% | 8.5% | +12.2pp |
| Industrials | 16.9% | 6.9% | +10.0pp |
| Unclassified | 8.9% | 0.0% | +8.9pp |
| Materials | 5.1% | 0.3% | +4.8pp |
| Consumer Staples | 5.6% | 1.1% | +4.5pp |
| Utilities | 3.3% | 0.4% | +2.9pp |
Δ is VEA minus VOOG, in percentage points. Sector data is not published by every issuer, so “Unclassified” is a real category rather than a gap in the table.
What each fund holds alone
98.6% of VEA by weight, held in no part of VOOG.
97.5% of VOOG by weight, held in no part of VEA.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| VEA | VOOG | |
|---|---|---|
| Top 10 holdings | 15.2% | 56.4% |
| Positions held | 3,792 | 148 |
| Cost per $10,000 held, per year | $3 | $7 |
Cost is the expense ratio applied to $10,000; it excludes any brokerage commission, bid-ask spread or tax consequence. Figures are facts about the funds, not a suggestion about which to hold.
Frequently asked
How much do VEA and VOOG overlap?
VEA and VOOG overlap 0.2% by portfolio weight — largely distinct portfolios. They share 8 holdings. The figure comes from current issuer holdings files (VEA as of 2026-06-30, VOOG as of 2026-06-30).
How is the overlap between VEA and VOOG calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If VEA holds a stock at 6% and VOOG holds the same stock at 4%, 4% counts as shared. The result is bounded between 0% and 100%, and it is computed after looking through any fund-of-funds to the underlying holdings.
Is it redundant to hold both VEA and VOOG?
That depends on your goals — we state facts, not advice. At 0.2% overlap, each fund still contributes meaningfully distinct exposure.
What does VEA own that VOOG doesn't?
VEA holds 3,792 positions and VOOG holds 148; 3,784 of VEA's positions don't appear in VOOG at all, and they are 98.6% of VEA by weight.
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Related comparisons
Sources: issuer holdings files, VEA as of 2026-06-30, VOOG as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.